Is Kharadi A Good Investment Destination?
For many people who are still wondering whether Kharadi is a good investment destination
, the answer is yes. For one, NASSCOM has dubbed Kharadi as one of the ten fastest developing IT destinations in India. But there are several other factors that have given a boost to Kharadi as an investment destination. For instance, after Hinjewadi, the Pune Municipal Corporation has been working towards developing the entire Kharadi-Mundhwa-Hadapsar belt to encourage well-balanced growth of the IT and service sector in Pune. Thus, whether it is a 3BHK or 2BHK in Pune, investors are showing faith in Kharadi.
As a result of this, there are several people who have gained employment in Magarpatta city, Phursungi, Eon Free Zone at Kharadi, Weikfield IT Park, and the array of malls and commercial complexes on Nagar Road. Moving further towards Ahmednagar, there are thousands of people who work in MIDC at Ranjangaon. For most of these people, Koregaon Park or Kalyani Nagar might seem as a saturated or unaffordable investment destination.
On the other hand, the rapidly developing suburb of Kharadi is a better prospect. Heres why:
Kharadi is just 8 kms from the Pune airport, 15 kms from the Pune railway station, and 5-6 kms from Kalyani Nagar and Koregaon Park.
Since there was a lot of vacant land in Kharadi, developers could carry out massive projects that are the pride of Pune real estate today.
The roads, water supply, and civic amenities have been developed in a phased manner. This has led to planned development that will also be sustainable in the long term.
The vicinity around Kharadi employs nearly 1 lakh people and this number is expected to go up over a period of time as more new companies set up here. This means that it is also the right time to invest in a home here and earn income by renting it out.
The biggest hospitality, entertainment and service sector brands such as Phoenix Mall, Reliance Mart, E-Square, Radisson Hotel, etc have recognized the growing potential presented by Kharadi and made an early move here.
After Hinjewadi, Kharadi is set to witness massive development on the business front. In fact, there are several companies that have already moved to Kharadi because it provides better connectivity to the airport, railway station, and the Pune-Nagar highway.
Of course, all these aspects have been further accentuated by the fact that builders have understood the pulse of investors and provided suitable projects ranging from 4BHK to 3BHK to 2BHK in Pune. From a modest 2 BHK flat in Pune to multi-crore properties, there is choice for almost all types of investors in Kharadi. So if you are looking for a home in the Eastern side of Pune, you can certainly consider this particular suburb as a good place to live and invest too.
Thus, there are several reasons why Kharadi is emerging as the preferred investment destination for a 2 BHK in Pune. From budget homes to an ultra luxurious 2 bedroom apartments, there is ample choice at Kharadi.
by: Sachin Kshirsagar
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